Post Utme Unilorin 2017 Economics Question 30

Practice objective / multiple choice question 30 from the 2017 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2017 Economics Objective / Multiple Choice
Question 30 POST_UTME_UNILORIN • 2017 • ECONOMICS • objective

A consumer has the following utility function: U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the two goods are $2 and $3 respectively, and the consumer has a budget of $10, what is the consumer's indifference curve?

Answer Options

Correct Answer A. U = 2x + 3y
B. U = x + 2y
C. U = 2x + y
D. U = x + 3y
Correct Answer
A
Correct Option:
U = 2x + 3y

About This Question

This is Post Utme Unilorin 2017 Economics Question 30. It is one of the objective questions from the 2017 Post Utme Unilorin Economics examination.

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